Pete Harper
Do I Qualify as a Real-estate Professional?
I'm investigating if I qualify as a RE Professional for the IRS. I'm retired with no W2 income. Primary income is from real estate, investments, pensions and IRA. We currently own 38 units held in LLCs and privatel...
Patti Robertson
How Is Advertising Defined
I'm a very experienced investor, but pretty new to BP. Two times I've had posts removed by moderators for "advertising content." In neither case did I advertise or self promote. In one case I simply gave the names of...
Jason Young
Real Estate Attorney in Spartanburg, SC
Hello,Does anyone have a recommendation for a closing attorney that also has some knowledge in drafting/reviewing rental agreements and documents in the Spartanburg region? Thank you,Jason Young
Jeremy Rusnak
Updating Condition Checklist Mid-Lease after Updates
Hi all,What is the best way (if any) to handle updates to a tenant's property condition documents after they have already moved in?One of my rental properties was built in the early 70s. Many of the windows were mis...
Kathie Riedel
Lending using a Trust Deed
I am a private money lender in Arkansas. As such I use my own Mortgage and Note. I will be making one loan in California. They use a Deed of Trust in lieu of a Mortgage. I would like to modify my documents and have it...
Lee Berkwits
REO SFR Auction - Lien on Title Search
I am performing due diligence on an REO that is scheduled for a Trustee Auction in Tennessee. I am trying to reconstruct the sequence of events as it appears this was put up for sale (or auction) 3 times, and foreclo...
Ziad Almufti
TAX PRO Q: Ordinary income vs. Cap Gains or 1031
Hey all, I own a boutique glamping hotel. We bought the land in an LLC 18 months ago and immediately began construction. We opened doors to guests just 4 months ago. Our intent going into it was to hold long term. ...
Kai G.
Handling of deposit when renewing lease
Hello,
this should be an easy question: I'm renewing the lease for a tenant and I'm using the Zillow platform. The new lease basically is a copy of the old one, but I do not know how to document the deposit "carry ov...
Danny Simard
An investor finds a private money lender. Now what?
Scenario: I'm an investor looking to borrow from a private money lender. I've found that private money lender, we've agreed on high-level terms, and we're ready to move forward. Now what? What do we have to do to get ...
Edwin W.
re: Assignment of Contract
Hi,I want to know if you can do an assignment of contract without the buyer and seller knowing how much you're going to make? Is there a special document for it?Edwin